The best way to predict the future is to study the past

The Historical, Economical and Social Importance of Payments

The Historical, Economic and Social Importance of Payments is the first course of the Payments in Digital Finance Specialisation – CFTE’s programme designed for finance professionals to get a comprehensive understanding of how money has and will change with the rise of digital currencies and changing consumer behaviour.

Looking back at history, money is what differentiates us from the natural world. We traded seashells for food, moved onto copper coins, gold coins, paper bills, and finally ones-and-zeros. Looking forward to the future, we are witnessing a radical change in the way these ones-and-zeros are facilitated, which has a global impact on how we live our lives. If you’re curious about how this lifestyle will look like, enroll now.

With this online course, you'll:

This course is taught by banks leaders. payments veterans. disruptive entrepreneurs. researchers. payments experts.

Jean-Michel Godeffroy

President, JMG Consulting | Former Director General ECB

Konstantin Peric

Deputy Director, Financial Services for the Poor

Julien Le Goc

Director of Policy

Gabriela Guibourg

Head of Applied Research Division

Gaston Aussems

Former CEO

Course Curriculum

Senior Lecturer Jean-Michel from the World Bank and IMF teaches you the elemental history of money, its evolution, and what lessons we can learn from its development.

Senior Lecturer Jean-Michel from the World Bank and IMF teaches you the fundamentals of how money is created, what the role of the central bank is, and how the money supply is controlled.

Senior Lecturer Jean-Michel from the World Bank and IMF teaches you the historical importance of central banks and how public and private money are intertwined, followed by Director General of the National Bank of Cambodia Serey Chea’s interview on the history of money in Cambodia, how it’s relevant to the economy of today, and how her role at the central bank affect the overall country.

Senior Lecturer Jean-Michel from the World Bank and IMF teaches you the ever changing geopolitical implications of new payment methods, followed by Deputy Director of the Bill and Melinda Gates Foundation Konstantin Peric and his mission with the Foundation to provide equal access to banking and payments for women and the impoverished. 


Senior Lecturer Jean-Michel from the World Bank and IMF teaches you the exciting future of alternative forms of payment such as Bitcoin, Libra, and central bank digital currency, followed by Head of Applied Research at Sveriges Riksbank Gabriela Guiborg’s explanation into the future implications of CBDCs. Julien Le Goc, Director of Policy at Facebook Libra Association, provides you with exclusive insights into the global implications of Libra stablecoin.

Gaston Aussems, former CEO of Mollie, talks about the changing consumer behaviours that are driving the digital payments megatrend and how merchants are adopting the technology to appeal to evolving market demands.

Designed for your learning goals

On Demand

Enrol and Start Immediately.

Finish in 2 weeks

Allocate 4 hours per week.

Shareable certificate

Let your professional network know about your new skills and find more career opportunities.

What our Alumni say about the Specialisation

It is a great specialization for anyone interested to learn the Payments domain and become familiar with what's in store for Digital Payments!
Rahul Dua, Product Manager at Amazon

Why learn at CFTE?

Online & Self-paced

Learn whenever. Learn wherever. Your learning track is flexible to your goals.

Global View

Our courses offers a 360 view on the topic, focused on what matters.


Our courses are curated by 200+ finance experts who know what skills you must learn.

Go back to the future of money and make an impact

A course designed for the industry, by the industry.

Get a 360 view on Payments

Payments in Digital Finance Specialisation

This course is part of the Payments in Digital Finance Online specialisation – a programme designed to give you a 360 view on payments. Equip yourselves with the tools, skills and knowledge required in this growing sector and become the payment experts that financial institutions are hunting for.


Most frequent questions and answers about our specialisation

Anyone who wants to have a solid understanding of payments should take this specialisation. Either to lead projects, a team or innovation applicable the world of payments.

At CFTE, we pride ourselves in offering courses for professionals, by professionals and offering a global view – this is how we compare with the market. This is done through videos, readings, and insights from CEOs to make the learning experience accessible. You will be able to take the course fully online and at your own pace, so you can be in charge of your proper upskilling. At CFTE, we believe there is an urgent need for all to learn the right skills for a world of digital finance, and we support all initiatives that are supporting the same goal.

We break our programmes into two types: short courses and specialisations. Our specialisations are a bundle of all of our short courses relating to an overarching topic. Specialisations allow learners to get a comprehensive and well-rounded understanding of a given topic in its many areas. If you have previous experience on this specialisation’s subject or you are interested in learning more about a specific area of it, you can enrol in the individual course that covers your area of interest, instead of taking the whole specialisation. Feel free to chat with us if you’d like some advise on which one would suit you best!

There are no strict prerequisites for taking the course. The Payments in Digital Finance specialisation aims to provide anyone interested in finance (in its wider definition) with a general overview of the trends in payments and digital finance, with the right balance between content that is easily accessible but that also provides insightful knowledge.

You will have access to the course for 6 months from enrolment. This duration is set to ensure you can pace yourself for the best learning outcome. Though not a common request, you can talk to us if you need an extension of the access after the 6 months are up.

Yes, you will receive a digital certificate upon successful completion of the course. This certificate is digital so it can be shared at any time and embedded into your online professional profile.

We accept all major credit cards and debit cards. You can choose to pay the full amount, or you can opt for a 3-part payment plan option. The 3-part payment option requires one payment upfront, followed by second and third during your course. Chat with us to find out more!

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